in state government debts as well. now my final number: $50,000 is the median household income. so, we owe $12,000 more than we make. that means as a nation what we owe now exceeds what we have. that also means even if you confiscate all that we make every penny of its you would not come close to covering what we spend, any of it. that is the issue the guys should be hammering tomorrow night, how vulnerable we are. the guy would lays it out would not just be reframing the debate but setting off a firestorm. but one that need not concern him or us. as the fine of the mind in both political parties have told me, and, yes, there are still quite a few, to quote a certain vice presidential candidate, we can do this. listen to two guys on my fox business network show, which if you don't get you should demand, last night, retired democratic senator sam nunn and former republican senator bob bennett appears jointly on fox business network. each offering relatively modest proposals to fix this mess. listen closely. >> we particularly have to discuss, frankly, with the american people, that the enti

, although we have a lot of work to do. if we want to do better we need to have the federal government do what other governors have done, reduce taxes, regulation, do what perry has done. he taxes low. reduce regulations. streamline permitting, and like business people. >>neil: you are dismissing this argument, but, if you follow this out by sting, governor, say the president is re-elected and and it hangs on swinging states like yours where you have implemented policies that are not the president's policies but the mirror opposite. any lesson here for the president if he is re-elected over, then, the policies you would recommend? in that event? >>guest: well, whoever is elected i am hopeful for american families they will reduce taxes we cannot have the highest corporate tax rates and expect businesses to flop to america or per regulation and expect businesses to flop to america. >>imus: what on the tax thing when mitt romney said last week i will lower taxes but it is not what it seems, i will take away a lot did yous and exemptions and people thought, well, maybe you are not all we tho

and this is what a roaring romney sounded like. >> trickle down government is where the president will raise taxes on small business which kills jobs. i want to keep taxes down on small business so we can create jobs. this is about good jobs for the american people. >>neil: he swings, slams, scores, way too early to say if the swing states swinging back to the challenger but after last night, the critics say they probably stopped swinging away. larry said the race ain't over but he also is saying for the challenger it is an uphill fight. what do you make of last night and how this changes the dynamics? >> everyone, obviously, just about everyone, from right to left, says that romney won the debate. i gave you a full "a" and i give the president a "c" minus. there was a giant difference between their performance. everyone who was fair was impressed with how romney handled that from going to end. obama was stunned by how well romney was performing. he seemed almost to take a step back and tune out. >>neil: do you think he came in to it is on the clock, the president, to your point he didn't expect t

. it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap and trade moved through they are getting decimated. we have to have a vision like ronald reagan said, talking about a new dawn for this american economy. >>neil: congressman, you are among those who were brought in, in the republican avalanche that brought in 83 republicans and that tipped the house of representatives to the republicans and made john boehner speaker. you are in a race if your life with an ad everyone is talking about. the fact of the matter is, republicans seem to not have quite that same wind behind their back. they might get it, and you often remind me, polls are fleeting, but ar

this number came from but you look at it and we added 600,000 jobs in the government sector in august and september which is the largest number we have had since the study has been done, 600,000 jobs. in september, household employment added 780,000 jobs. that's the highest since 1983. i have been reviewing bigs all week, some dozen businesses. no one is stronger than they were in the third quarter than in the 2nd quarter. we have been told there are needed 150,000 to 200,000 to stay even. the last two months we have gone from 83 to 81, and now we are changing the household number assumptions. i don't know what the right number is, but i will tell you these numbers don't spell right when you think about where the economy is right now. >> what do you think happened? >> i honestly don't know. maybe we got the wrong measurement. maybe we should have been talking about 83 and 85 and 86 and maybe we should have 150,000 to hold even as a benchmark but every economist this morning predicted roughly 90 to 20 -- 120,000 and 8.3 unemployment. >> the lowest number of unemployment numbers of any

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